NOT LISTED FOR SALE

47 E 2nd Ave Mesa, AZ 85210

Downtown Mesa Neighborhood

Estimated Value: $659,382 - $870,000

-- Bed
1 Bath
1,410 Sq Ft
$518/Sq Ft Est. Value

Last Sold April 07, 2021

Last sale price $591,000 $419 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,017/month

2 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Community Barbecue Grill
  • Franklin at Brimhall Elementary School Rated A
  • Community Playground
  • Individual Controls for Heating

About This Home

As of April 2021

Super Opportunity Exist with this Very Private Hidden Gem. Walking Distance to Booming Downtown Mesa. All Large 2 Bedroom Units. Lots of Parking. Many, Many Updates Completed in Each of the Units. Driveway is Completely Concrete. This Fourplex Has a Very Bright Future with Increasing Rents to Market and So Much Activity in the Vicinity. Just a Super Investment. All Facts and Figures Approximate, Buyer to Verify to Their Satisfaction.

Last Agent to Sell the Property

Steve Fowler

Better Homes & Gardens Real Estate SJ Fowler License #BR012851000 Listed on: 03/23/2021

Better Homes & Gardens Real Estate SJ Fowler

Co-Listed By

Steven Cvetanovich

Better Homes & Gardens Real Estate SJ Fowler License #BR646588000

Last Buyer's Agent

Melissa Pimentel

Call Realty, Inc. License #SA665985000

Call Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,991

Year Built

  • Built in 1985

Lot Details

  • 9,017

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Stucco

Flooring

  • Wood Flooring

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Assigned Parking

Schools

  • Lowell Elementary School - Mesa
  • Mesa Junior High School
  • Mesa High School

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer
  • Tax Lot 10
  • Assessor Parcel Number 138-49-011-A

Community Details

Overview

  • 4 Units
  • Building Dimensions are 8995 sq ft

Amenities

  • Community Barbecue Grill

Recreation

  • Community Playground

Building Details

  • Operating Expense $9,086
  • Gross Income $36,084
  • Net Operating Income $22,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,991

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: Main & Center
  • Legal Info Range: 5E
  • Property Type: Multiple Dwellings
  • Zoning: TCR-2
  • Number Of Buildings: 1
  • Year Built: 1985
  • Tax Year: 2020
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: sjfl01
  • Co List Office Phone: 480-649-3536
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 9.0
  • Total Parking Spaces: 9.0
  • General Property Description:Uncvrd Parking Spcs: 9.0
  • General Property Description:Total Parking Spcs: 9.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: City Electric
  • Cooling: Individual, Electric
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, Play Area

Association/Amenities

  • Exterior Amenities:Fenced3: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes
  • Interior Amenities:Vertical Blinds2: Yes
  • Community Amenities:Barbecue: Yes
  • Community Amenities:Play Area: Yes

Fee Information

  • Trash Expense: 600.0
  • Annual Water Sewer Expense: 3000.0

Schools

  • Elementary School: Lowell Elementary School - Mesa
  • High School: Mesa High School
  • Middle Or Junior School: Mesa Junior High School

Lot Info

  • Lot Size: 8995 sq ft
  • Additional Parcels: No
  • Parcel #: 138-49-011-A

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Cable TV
  • Number Of Units Total: 4
  • Annual Gross Income: 36084.0
  • Insurance Expense: 895.0
  • Maintenance Expense: 2000.0
  • Property Net Operating Income: 22340.0
  • Annual Operating Expense: 9086.0
  • Vacancy Allowance Rate: 0.03

Tax Info

  • Tax Annual Amount: 1991.0
  • Tax Book Number: 138.00
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2021
Closed on
Apr 5, 2021
Sold by
47 East 2Nd Llc
Bought by
Mccook William Ryan and Mccook Taryn
Seller's Agent
Steve Fowler
Better Homes & Gardens Real Estate SJ Fowler
Buyer's Agent
Melissa Pimentel
Call Realty, Inc.
List Price
$575,000
Sold Price
$591,000
Premium/Discount to List
$16,000
2.78%
Current Estimated Value
$730,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,846
Avg. Annual Appreciation
4.65%

Purchase Details

Closed on
Jun 27, 2011
Sold by
Levitt David
Bought by
47 East 2Nd Llc

Purchase Details

Closed on
Aug 23, 2010
Sold by
Sanchez Felipe Loera
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jul 14, 2004
Sold by
Specialty Properties Investments Corp
Bought by
Sanchez Felipe Loera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2003
Sold by
Ferguson Mattie May
Bought by
Specialty Properties Investments Corp

Purchase Details

Closed on
Apr 9, 2003
Sold by
Askren Donnie
Bought by
Ferguson Mattie May

Purchase Details

Closed on
Mar 17, 2003
Sold by
Ferguson Mattie
Bought by
Askren Donnie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mccook William Ryan $591,000 Premier Title Agency
47 East 2Nd Llc -- None Available
Federal Home Loan Mortgage Corporation $37,394 Great American Title Agency
Sanchez Felipe Loera $210,000 Security Title Agency
Specialty Properties Investments Corp $61,185 Security Title Agency
Ferguson Mattie May -- Security Title Agency
Askren Donnie -- Tsa Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sanchez Felipe Loera $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2021 04/07/21 Sold $591,000 +2.8% $419 / Sq Ft
03/25/2021 03/25/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $575,000 -- $408 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,029 $20,564 -- --
2024 $2,035 $19,584 -- --
2023 $2,035 $60,270 $12,050 $48,220
2022 $1,993 $42,110 $8,420 $33,690
2021 $2,017 $34,830 $6,960 $27,870
2020 $1,991 $32,050 $6,410 $25,640
2019 $1,860 $26,560 $5,310 $21,250
2018 $1,785 $25,350 $5,070 $20,280
2017 $1,732 $24,600 $4,920 $19,680
2016 $1,700 $23,180 $4,630 $18,550
2015 $1,598 $21,100 $4,220 $16,880
Source: Public Records

Agents Affiliated with this Home

  • Steve Fowler

    Seller's Agent in 2021

    Steve Fowler

    Better Homes & Gardens Real Estate SJ Fowler

    (602) 430-5843

    2 in this area

    60 Total Sales

    Steve Fowler
    Section Image
  • Steven Cvetanovich

    Seller Co-Listing Agent in 2021

    Steven Cvetanovich

    Better Homes & Gardens Real Estate SJ Fowler

    (480) 323-5672

    2 in this area

    29 Total Sales

    Steven Cvetanovich
    Section Image

  • M

    Buyer's Agent in 2021

    Melissa Pimentel

    Call Realty, Inc.

    (480) 988-7100

    2 in this area

    49 Total Sales

    Melissa Pimentel
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6211073

Arizona Regional Multiple Listing Service (ARMLS)

APN: 138-49-011A

Arizona Maricopa County Mesa 85210 Downtown Mesa

47 E 2nd Ave, Mesa, AZ

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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